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UK to gain £5bn over next six years from a tax settlement with Switzerland.
That is the reality now, we have been told with increasing certainty in the wake of Google's "derisory" tax settlement.
Last month, Google faced a backlash against a landmark tax settlement with the UK, widely condemned for being too lenient.
In January, UK tax inspectors reached a £130m tax settlement with Google over taxes stretching back 10 years.
Critics of the tax settlement have calculated that Google generated sales of £24bn in the UK between 2005 and 2014.
"They crucified me," McFeely says of the massive tax settlement he had to make with the Criminal Assets Bureau.
He agreed to pay a $5 million tax settlement and set up an $8 million restitution fund.
A senior government minister has admitted the tax settlement between Google and the UK government "was not a glorious moment".
Boeing, based in Chicago, said it earned $4.45 a share in 2010, in part because of a gain of 50 cents a share on a favorable tax settlement.
Excluding a gain related to a tax settlement, DuPont earned $1.17 a share, topping the 93 cents expected by analysts surveyed by Thomson Reuters.
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Among the $175 million in one-time charges during the quarter was a $40 million after-tax settlement of a lawsuit.
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